SEBI norms for underwriting by mutual funds |

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SEBI norms for underwriting by mutual funds


Domestic mutual funds have now been permitted by the SEBI to enter into underwriting arrangements. The move is aimed at expanding the investment scope of mutual funds. Under the new norms evolved by SEBI for this, it has been stipulated that the total underwriting obligations of a mutual fund at any time should not exceed the total value of the corpus of any scheme together with the undistributed profits lying to the credit of that scheme. SEBI has also made it clear to the mutual funds that the decision to take up any underwriting commitment should be made on the same lines as investment under a particular scheme.

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Thanking you

Regards,

Rajesh Kumar Kathpalia ¤ SMC Global
17,Netaji Subhash Marg,Daryaganj,
New Delhi-110002 Mobile No 9891645052
Email Id: rajesh.ipo@smcindiaonline.com


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